Posted by Israel Industries press review of the week on mars 15th, 2013

Press Release: The Israel Diamond Exchange (IDE) is spearheading the marketing efforts of the international diamond business community at a time when it needs to pull out all the stops and bring our industry back to profitability and strong growth, according to IDE’s president, Yair Sahar. He addressed the message to 150 diamond buyers who will be participating in the U.S. / International Diamond Week, the inaugural event to be held March 17 to 20 in Ramat Gan.

« The U.S. / International Diamond Week is the inaugural event in a series of business-to-business events under the banner of International Diamond Week in Israel, » Sahar explained. « Our industry has gone through a prolonged period of difficulty and it is now ready to rebound in full force. Reports from the March Hong Kong International Jewellery Show last week indicated that positive change is taking place. We therefore hope to see similar signs of robust trading here in Israel as well next week, » Sahar said.

IDE’s general manager, Moti Besser, said, « Our colleagues at the Israel Diamond Institute (IDI) invested great efforts in speaking to companies at the Hong Kong International Jewellery Show about the advantages offered by this event. Diamond buyers are also used to traveling at short notice, resulting in many companies registering in recent days. »

Around 150 overseas buyers have so far confirmed their participation, with more diamantaires continuing to register. During the week, more than 160 Israeli diamond firms will be displaying polished diamonds at a value of more than $1 billion on the IDE trading floor.

The organizers of the rough diamond tenders and polished diamond auctions — I. Hennig/ Fusion Alternatives, Rapaport Group and eDiamond, as well as Tzoffey’s 1818– reported strong interest in their events.

Buyers will be offered four free hotel nights at the Leonardo Hotel, located opposite the Ramat Gan diamond exchange complex. The complimentary hotel accommodation is being provided courtesy of the Israel Diamond Institute (IDI). Please click here to register for the event.

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